Dublin, May 16, 2018 (GLOBE NEWSWIRE) -- The "Industrial Control Transformer Market by Phase (Single and Three), Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and > 1,500 VA), End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global industrial control transformer market is estimated to grow from USD 809.2 Million in 2018 to USD 1039.8 Million by 2023, at a CAGR of 5.14% during the forecast period.
Booming power sector and augmented power generation capacities worldwide, need to reduce equipment failure caused by frequent voltage spikes, and increased usage of industrial control transformer across major industries are driving the industrial control transformer market across the world. In this report, the industrial control transformer market is segmented on the basis of phase into single and three. The three-phase segment dominated the industrial control transformer market owing to better efficiency in industrial applications. Three-phase industrial compressors are used to drive a variety of general machinery such as compressors, pumps, crushers, cutting machine tools, and other mechanical equipment in petroleum, chemical, power plants, and other industrial and mining industries. The industrial control transformer is further segmented on the basis of power rating into 25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and above 1,500 VA. The above 1,500 VA segment dominated the industrial control transformer market. This segment is driven by a large number of installation in heavy industries such as oil & gas, metal & mining and power generation. Based on end-user, the market has been segmented into power generation, oil & gas, chemical, metal & mining, and others. The metal & mining segment dominated the industrial control transformer market owing to increased expansion in industrialization, construction, and infrastructure activities. The industrial control transformer market is analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific dominated the industrial control transformer market. The market in Asia Pacific is expected to hold the largest share of the global industrial control transformer market till 2023. Need to reduce equipment failure caused by frequent voltage spikes are driving the industrial control transformer market in Asia Pacific.
Key Topics Covered:
1 Introduction
2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Industrial Control Transformer Market During the Forecast Period 4.2 Industrial Control Transformer Market, By Country 4.3 Asia Pacific Industrial Control Transformer Market, By End-User & Country 4.4 Industrial Control Transformer Market, By Phase 4.5 Industrial Control Transformer Market, By Power Rating 4.6 Industrial Control Transformer Market, By End-User 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.3 Drivers 5.3.1 Need to Reduce Equipment Failure Caused By Frequent Voltage Spikes 5.3.2 Booming Power Sector and Augmented Power Generation Capacities Worldwide 5.3.3 Increased Usage of Industrial Control Transformers Across Major Industries 5.4 Restraints 5.4.1 Stagnant Growth of the Oil & Gas Industry 5.4.2 Slowdown in the Mining Industry in Asia Pacific, South America, and Africa 5.5 Opportunities 5.5.1 Changing the Face of the Middle East Manufacturing Industry 5.5.2 Aging Power Infrastructure 5.5.3 Growing Robotics Technology 5.6 Challenges 5.6.1 Dependent on Other Devices for Voltage Regulation 5.6.2 Gray Market Providing Low-Quality & Inexpensive Products 6 Industrial Control Transformer Market, By Power Rating 6.1 Introduction 6.2 25-500 VA 6.3 500-1,000 VA 6.4 1,000-1,500 VA 6.5 Above 1,500 VA 7 Industrial Control Transformer Market, By Phase 7.1 Introduction 7.2 Three-Phase 7.3 Single-Phase 8 Industrial Control Transformer Market, By End-User 8.1 Introduction 8.2 Power Generation 8.3 Oil & Gas 8.4 Chemical 8.5 Metal & Mining 8.6 Others 9 Industrial Control Transformer Market, By Region 10 Competitive Landscape 10.1 Overview 10.2 Ranking of Players 10.3 Competitive Scenario 11 Company Profiles 11.1 Benchmarking 11.2 ABB 11.3 Eaton 11.4 Siemens 11.5 GE 11.6 Schneider Electric 11.7 Hubbell 11.8 Emerson Electric Co. 11.9 Rockwell Automation 11.10 Electric Hammond Power Solutions (HPS) 11.11 Broadman Transformers 11.12 Dongan Electric Manufacturing Co. 11.13 MCI Transformers
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